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Exxon earnings soar as oil profits surge record high
Exxon Mobil Baytown reported 2005 net income at a record level, with quarterly earnings at 1.71 per share on $8.42 billion, while full year profits topped $25.3 billion in 2004. Analysts credit record oil prices and project execution, as lawmakers push windfall taxes and higher investments in alternatives. ConocoPhillips and Chevron posted strong Q4 gains, fueling industry-wide talk of reform.
MENTIONED IN THIS ARTICLE
Baytown
Exxon Mobil Baytown
Jeanne Miller
Exxon
Wall Street
U.S
Howard Silverblatt
Standard & Poor’s
Fadel Gheit
Oppenheimer & Co
Henry Hubble
Hubble
ConocoPhillips
Chevron Corp
Barbara Boxer
California
Congress
Bush Administration
Federal Trade Commission
FTC
Chevron
Chuck Schumer
New York
Capitol Hill
Sun
Ken Fountain